BirlaNu Limited (BIRLANU)
₹1,285.20 +0.23% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, BirlaNu's revenue was ₹1,174 Cr (+11.6% year on year, +16.2% on the previous quarter), and net profit ₹9.4 Cr (against a loss a year earlier); the operating margin was 6.2%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹1,174 | +11.6% | +16.2% |
| Operating profit | ₹73.0 | +83.8% | from loss |
| Net profit | ₹9.4 | from loss | from loss |
| EPS (₹) | 12.47 | from loss | from loss |
| Operating margin | 6.2% | — | — |
BIRLANU delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 54.92% of the BIRLANU shares traded on NSE were taken to delivery, against the stock's own 20-session average of 56.92%. That is close to its usual level. Turnover was only ₹99 lakh, so a handful of trades can move this figure.
Delivery in the last 5 sessions: 55.0% · 52.0% · 32.9% · 60.4% · 54.9%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
ICRA has reaffirmed BirlaNu Limited's long-term rating at [ICRA]AA- with a Negative outlook and its short-term rating at [ICRA]A1+. Total rated bank facilities were increased by 75% from ₹600.00 crore to ₹1,050.00 crore. The enhancement is driven primarily by long-term fund-based term loans increasing from ₹90.00 crore to ₹344.09 crore, and short-term non-fund based limits rising from ₹108.00 crore to ₹250.00 crore. The Negative outlook reflects ongoing operational and leverage headwinds despite strong parentage from the CKA Birla Group.
- Total rated limits enhanced to ₹1,050.00 crore from ₹600.00 crore
- Long-term rating reaffirmed at [ICRA]AA- with a Negative outlook
- Short-term debt rating reaffirmed at the highest tier of [ICRA]A1+
- Long-term fund-based term loan rated capacity increased to ₹344.09 crore from ₹90.00 crore
- Short-term non-fund based limits expanded to ₹250.00 crore from ₹108.00 crore
BirlaNu Limited (formerly HIL Limited) announced that the NCLT Hyderabad Bench has approved the Scheme of Amalgamation of its wholly owned subsidiary, Clean Coats Private Limited, into BirlaNu vide order dated October 6, 2026. The appointed date for the amalgamation is fixed as November 11, 2025. Final completion remains subject to sanction by the NCLT Mumbai Bench, where Clean Coats' petition is currently pending, followed by ROC filings. The merger consolidates Clean Coats' specialty coatings and construction chemicals business directly into BirlaNu.
- NCLT Hyderabad Bench sanctioned the Scheme of Amalgamation on October 6, 2026
- Appointed date for the merger is confirmed as November 11, 2025
- Clean Coats Private Limited is a 100% wholly owned subsidiary with paid-up capital of INR 1,67,30,000
- Scheme petition before NCLT Mumbai Bench remains pending for approval
BirlaNu Limited has notified shareholders regarding the opening of a SEBI-mandated Special Window for the transfer and dematerialisation of physical securities purchased prior to April 1, 2019. The facility is active from February 5, 2026 to February 4, 2027. Transferred shares will be subject to a mandatory 1-year lock-in period and must be credited exclusively in dematerialised form. The announcement is procedural compliance following SEBI guidelines and carries no operational or financial impact on the company.
- Special Window valid for 1 year from February 05, 2026 to February 04, 2027
- Applies to physical securities sold or purchased prior to April 01, 2019
- Transferred securities subject to a mandatory lock-in period of 1 year from registration
- Company and RTA to process complete transfer requests within 70 days
BirlaNu Limited (formerly HIL Limited) has scheduled a virtual meeting with a group of institutional investors and funds on September 23, 2026, at 2:00 PM IST. The company confirmed that no unpublished price sensitive information (UPSI) will be shared during the interaction. The intimation is filed under Regulation 30 of the SEBI Listing Regulations.
- Virtual meeting scheduled for September 23, 2026 at 2:00 P.M. IST
- Interaction will be conducted with a group of institutional investors and funds
- Company confirmed that no unpublished price sensitive information (UPSI) will be shared
- Filing submitted under Regulation 30 of SEBI Listing Regulations
BirlaNu Limited has entered into a Share Subscription and Shareholder Agreement (SSHA) to acquire a 26% equity stake in FPEL HR5 Energy Private Limited for up to ₹2.02 crore. The special purpose vehicle (SPV), set up by Fourth Partner Energy, will establish a 3.58 MW AC / 5.37 MWp DC solar plant to supply captive power to BirlaNu's Faridabad and Jhajjar units. The cash transaction is scheduled for completion within 6 months. Given BirlaNu's TTM revenue of ₹2,182 crore, the investment size is very small (<0.1% of market cap) and represents routine operational cost optimization.
- Acquisition of 26% equity stake in FPEL HR5 Energy Private Limited for up to ₹2.02 crore in cash
- Establishes a 3.58 MW AC / 5.37 MWp DC solar plant under captive scheme for Faridabad and Jhajjar units
- Transaction expected to be completed within an indicative timeline of 6 months
- Target SPV was incorporated on August 1, 2025 and recorded nil turnover as of March 31, 2026
BirlaNu Limited has announced a special window for the transfer and dematerialization of physical securities purchased or sold prior to April 01, 2019. This window is active from February 05, 2026, to February 04, 2027, in compliance with SEBI circulars. All such transfers will be processed exclusively in dematerialized form and will be subject to a mandatory one-year lock-in period. The company's Registrar and Share Transfer Agent (RTA) is tasked with processing complete requests within 70 days.
- Special window for physical share transfers open from February 05, 2026, to February 04, 2027
- Applicable to securities purchased or sold prior to the April 01, 2019 cut-off date
- Mandatory 1-year lock-in period from the date of registration during which shares cannot be pledged or sold
- RTA to process complete documentation requests within a maximum of 70 days
- Excludes cases involving legal disputes or securities already transferred to the IEPF
BirlaNu Limited (formerly HIL Ltd) reported a strong Q1 FY27 with consolidated revenue growing 12% YoY to ₹1,174 cr and EBITDA rising 35% to ₹80 cr. The India business was the primary driver, with EBITDA surging 71% to ₹98 cr, led by record Roofs revenue of ₹517 cr and a 660 bps margin expansion in the Pipes segment. The company approved a new Boards plant near Hyderabad with a ₹166 cr investment (including land), targeting ₹140 cr in annual revenue. Management is maintaining its $1 Billion revenue target over three years despite volatility in resin prices and European demand slumps.
- Consolidated EBITDA increased 35% YoY to ₹80 cr in Q1 FY27.
- Roofs segment hit a record ₹517 cr in quarterly revenue, a 17% YoY growth.
- Approved a new Boards plant near Hyderabad with a total investment of ₹166 cr.
- Pipes segment EBITDA margins expanded by 660 basis points despite a 30% drop in resin prices in April.
- Nellore Boards & Panels project (₹127 cr) is on track for commissioning in Q4 FY27.
BirlaNu Limited (formerly HIL Limited) has published the audio recording of its investor conference call held on August 7, 2026, regarding the Q1 FY27 financial results. The company, which operates in the furniture and home furnishing industry, reported a TTM revenue of ₹2,061 Cr with a thin TTM PAT of ₹6 Cr. Management is currently pursuing a $1 Billion revenue goal over three years, supported by a value enhancement program with BCG. This filing is a routine regulatory requirement following the disclosure of quarterly earnings.
- Audio recording of the Q1 FY27 earnings call held on August 7, 2026, is now public
- Covers financial performance for the quarter ended June 30, 2026
- Company is targeting a $1 Billion revenue goal over a 3-year horizon
- TTM operating profit margin remains low at 1.9%
- Recent pricing realizations in previous quarters showed a decline of 3% to 7% YoY
BirlaNu Limited (formerly HIL Limited) successfully passed all six resolutions at its 79th Annual General Meeting held on August 6, 2026. Shareholders approved a final dividend of ₹15 per share (150%) for FY26, despite a thin TTM PAT of ₹6 Cr. A notable resolution regarding a long-term cash incentive for related party Ms. Avanti Birla was passed with 85.47% favor among non-interested voters, while the MD & CEO's remuneration received 98.73% approval. The company maintains a leading position in fibre cement sheets but faces margin pressure with a TTM OPM of just 1.9%.
- Final dividend of ₹15 per share (150% of face value) approved for FY 2025-26.
- Related party incentive for Ms. Avanti Birla passed with 85.47% favor after excluding 30,59,212 promoter votes.
- Remuneration for MD & CEO Akshat Seth for FY 2026-27 approved with 98.73% majority.
- Total of 29,874 shareholders were on record as of the July 30, 2026 record date.
- All 6 resolutions, including adoption of FY26 financial statements, passed with requisite majority.
BirlaNu Limited (formerly HIL Limited) concluded its 79th Annual General Meeting on August 6, 2026, transacting six key resolutions. Shareholders confirmed a final dividend of Rs 15 per share (150%) for FY26, a year where the company reported TTM revenue of Rs 2,061 Cr and a thin net profit of Rs 6.43 Cr. Key approvals included the remuneration for MD & CEO Akshat Seth and a long-term cash incentive for related party Ms. Avanti Birla (President-Strategy). The management reiterated its $1 Billion revenue goal over three years despite recent price realization declines of 3% to 7% in Q2 FY2026.
- Final dividend of Rs 15 per equity share (150% of face value) confirmed for FY26
- Management targeting a $1 Billion revenue goal over a 3-year horizon through value enhancement and acquisitions
- Price realizations declined by 3% to 7% YoY across product categories in Q2 FY2026 due to soft demand
- Planned capacity expansions include 72,000 MTPA for FC boards and 5,000 MTPA for OPVC pipes
- Asbestos regulatory risks identified as potentially impacting 31% of total revenue
BirlaNu Limited (formerly HIL Limited) has released its Q1 FY27 investor presentation, outlining a strategic rebranding and a $1 billion revenue target to be achieved over the next three years. The company is aggressively expanding its manufacturing footprint, including a 72,000 MTPA expansion for Fiber Cement (FC) boards and 5,000 MTPA for OPVC pipes. Despite these growth targets, the company currently operates on thin margins with a TTM OPM of 1.9% and TTM revenue of Rs 2,061 Cr. The strategy involves a value enhancement program with BCG and scaling the Construction Chemicals business to a Rs 800-1,000 Cr vertical.
- Targeting a $1 Billion revenue goal over a 3-year horizon through organic growth and M&A.
- Planned capacity expansion of 72,000 MTPA for FC boards and 5,000 MTPA for OPVC pipes.
- Construction Chemicals business targeted to reach a revenue scale of Rs 800-1,000 Cr.
- Global manufacturing footprint includes 33 facilities across India, Germany, and Austria.
- Maintains 30,000+ retail touchpoints and a network of 21,000+ channel partners globally.
BirlaNu Limited has approved a ₹167 crore greenfield expansion to set up a new Fibre Cement Board plant in Hyderabad, Telangana. This project will add 72,000 MTPA to the existing 1,32,000 MTPA capacity, representing a substantial 54.5% increase in this segment. The expansion is scheduled for completion within 24 months and will be funded through internal accruals and borrowings. Alongside the expansion, the company reported a strong standalone Q1 FY27 net profit of ₹49.69 crore, up from ₹19.68 crore YoY.
- Proposed capacity addition of 72,000 MTPA of Fibre Cement Boards against existing 1,32,000 MTPA.
- Estimated investment of ₹167 crore, which is approximately 8.1% of TTM revenue.
- Project execution timeline of 24 months for the greenfield facility.
- Existing capacity utilization is currently at 80% on an annualized basis.
- Standalone Q1 FY27 revenue grew 10% YoY to ₹824.32 crore.
BirlaNu Limited reported a strong Q1 FY27 with standalone revenue growing 10% YoY to ₹824.32 cr and Net Profit surging 152% to ₹49.69 cr. The Board approved a ₹167 cr greenfield expansion for a Fibre Cement Board plant in Hyderabad, adding 72,000 MTPA capacity. This represents a 54.5% increase over existing capacity, funded through internal accruals and debt. The company is also progressing with the merger of Clean Coats Private Limited, with NCLT hearings scheduled for August and October 2026.
- Standalone Net Profit increased by 152.5% YoY to ₹49.69 cr in Q1 FY27
- Proposed ₹167 cr investment for a new 72,000 MTPA Fibre Cement Board plant in Hyderabad
- Capacity expansion represents a 54.5% increase over the current 1,32,000 MTPA capacity
- Project timeline set at 24 months, to be funded via internal accruals and borrowings
- Standalone Revenue from operations grew 10% YoY to ₹824.32 cr
BirlaNu Limited (formerly HIL Limited) has scheduled its Q1 FY27 earnings conference call for August 7, 2026, at 2:30 PM IST. This follows the scheduled declaration of unaudited financial results on August 6, 2026. The call will be led by MD & CEO Akshat Seth and CFO Ajay Kapadia. Investors will be looking for updates on the company's $1 Billion revenue target and margin recovery, given the thin 1.93% OPM reported in FY26.
- Conference call scheduled for August 7, 2026, at 2:30 PM IST following Q1 FY27 results
- Financial results for the quarter ended June 30, 2026, to be declared on August 6, 2026
- Management maintains a long-term revenue goal of $1 Billion over 3 years
- Company operates 33 manufacturing facilities globally across India, Germany, and Austria
- Recent FY26 performance showed revenue of ₹2,060.52 Cr with a net profit of ₹6.43 Cr
BirlaNu Limited has renewed and significantly enhanced its Standby Letter of Credit (SBLC) for its wholly-owned German subsidiary, BirlaNu International GmbH. The guarantee amount has been increased from EUR 10.73 million to EUR 20.00 million (approx. ₹182 Cr) to secure working capital facilities. The parent company will receive a 0.53% annual service fee for this guarantee and has provided an exclusive charge on its property with a 1.25x security cover. This move increases the parent's contingent liability exposure relative to its TTM PAT of ₹6 Cr.
- SBLC amount enhanced from EUR 10.73 million to EUR 20.00 million
- Parent company to receive a service fee of 0.53% per annum on the outstanding liability
- Exclusive charge created on parent property to maintain a 1.25x security cover
- Validity of the renewed SBLC is set for 12 months from July 22, 2026
- The guarantee supports working capital for the German subsidiary (formerly HIL International GmbH)
Financial Performance
Revenue Growth by Segment
Consolidated revenue grew 7.11% YoY to ₹3,615 Cr in FY2025. Segment performance in Q2 FY2026: Walls grew 18% YoY to ₹155 Cr; Parador (Flooring) grew 11% YoY to ₹309 Cr; Roofs declined 5% YoY to ₹191 Cr; Pipes and Construction Chemicals declined 6% YoY to ₹155 Cr (with Pipes specifically dropping 11% due to resin price volatility).
Geographic Revenue Split
The company operates globally with significant presence in India and Europe (via Parador). While specific regional % splits are not fully disclosed, Parador's European operations contributed ₹309 Cr in Q2 FY2026, representing approximately 38% of quarterly consolidated revenue.
Profitability Margins
Standalone Net Profit Margin plummeted 86.7% YoY to 0.39% in FY2025 from 2.95% in the previous year. Operating Profit Margin (Standalone) declined from 7.82% to 5.14%. Consolidated operating margins fell by 220 bps to 1.9% in FY2025 due to pricing pressures and high input costs.
EBITDA Margin
Consolidated EBITDA for Q2 FY2026 was ₹4 Cr, a significant improvement from a loss of ₹22 Cr in the same period last year. H1 FY2026 EBITDA is 20% higher YoY. However, FY2025 OPBDIT/OI stood at a low 1.9% compared to 4.1% in FY2024.
Capital Expenditure
Planned capex of ₹160 - ₹170 Cr over the next 12-18 months for a greenfield 72,000 MTPA Fibre Cement (FC) board plant in Andhra Pradesh and a 5,000 MTPA Phase 1 OPVC pipe plant in Patna.
Credit Rating & Borrowing
ICRA revised the long-term rating outlook to 'Negative' from 'Stable' due to sustained pressure on margins. Interest coverage ratio declined sharply from 3.9x in FY2024 to 1.0x in FY2025. Total debt/OPBDIT rose to 13.6x in FY2025.
Operational Drivers
Raw Materials
Critical raw materials include fibre, cement, resin, and wood. Resin prices reached decadal lows, which impacted Pipes revenue by 11% due to lower price realization.
Import Sources
BirlaNu sources materials through a global network of suppliers to insulate against geopolitical instability, with manufacturing sites located in India, Austria, and Germany.
Key Suppliers
Not specifically named in the documents, but the company maintains a 'global network' and 'long-term partnerships' to mitigate price fluctuations.
Capacity Expansion
Current manufacturing includes 32 facilities globally. Planned expansions include 72,000 MTPA for FC boards and 5,000 MTPA for OPVC pipes. Chennai Line 2 for blocks recently commissioned and nearing full utilization.
Raw Material Costs
Earnings are highly vulnerable to input cost volatility; margins in the Walls and Pipes segments were specifically pressured by rising raw material costs in FY2025. Procurement efficiencies and 'recipe optimization' helped recover margins by 110 bps in some segments.
Manufacturing Efficiency
Focus on 'Industry 4.0' and digitalization at plants. Walls segment margins improved by 110 bps due to improved plant utilization and cost discipline.
Logistics & Distribution
The company maintains a massive distribution network of 30,000+ retail touchpoints and 21,000+ channel partners worldwide to ensure market reach.
Strategic Growth
Expected Growth Rate
5-10%
Growth Strategy
Growth is targeted through a $1 Billion revenue goal over 3 years. Key strategies include a value enhancement program with BCG, expanding the Construction Chemicals business to ₹800-₹1,000 Cr, and 'supply and apply' solution selling to increase customer stickiness and margins.
Products & Services
Fibre cement (FC) sheets, autoclaved aerated concrete (AAC) blocks, OPVC pipes, construction chemicals (coatings), and premium flooring solutions.
Brand Portfolio
BirlaNu, Parador, Clean Coats, Fastbuild.
New Products/Services
Expansion into high-performance coatings via the Clean Coats acquisition and new OPVC pipe manufacturing to diversify the polymer business.
Market Expansion
Targeting East India through the acquisition of Crestia Polytech and expanding the export market for Construction Chemicals.
Market Share & Ranking
Maintains a leading market position in the domestic fibre cement (FC) sheet segment.
Strategic Alliances
Partnership with BCG for margin expansion; acquisition of Parador Holdings GmbH for European flooring market access.
External Factors
Industry Trends
The industry is shifting away from asbestos toward green building materials (FC boards, AAC blocks). BirlaNu is positioning itself by reducing asbestos reliance to 31% of revenue and investing in eco-friendly practices.
Competitive Landscape
Intense competition across all segments, particularly in roofing and pipes, which has led to pricing pressure and margin erosion.
Competitive Moat
Moat is derived from being part of the reputable C.K. Birla Group, providing financial flexibility and a massive global distribution network of 21,000+ partners.
Macro Economic Sensitivity
Highly sensitive to interest rates and construction cycles. Sluggish demand and soft pricing currently act as headwinds across all product categories.
Consumer Behavior
Shift toward 'solution selling' (supply and apply) and premium flooring in global markets.
Geopolitical Risks
Geopolitical instability in Europe has led to a slower recovery for the Parador flooring business.
Regulatory & Governance
Industry Regulations
Subject to environmental regulations on asbestos; management is proactively de-risking by diversifying into non-asbestos segments like pipes and chemicals.
Environmental Compliance
Committed to eco-friendly practices; faces ongoing regulatory risks regarding asbestos mining and product bans in various countries.
Legal Contingencies
Exposed to regulatory risks and potential bans on asbestos products, which remain a 'key monitorable' for credit ratings.
Risk Analysis
Key Uncertainties
The primary uncertainty is the recovery of operating margins across segments and the successful ramp-up of the new ₹160-170 Cr capex projects.
Geographic Concentration Risk
Significant exposure to the European market through Parador (flooring), which is currently facing global headwinds.
Third Party Dependencies
Relies on global vendors for critical raw materials like fibre and resin; price fluctuations in these commodities directly impact the bottom line.
Technology Obsolescence Risk
Mitigated by investments in Industry 4.0 and a partnership with BCG to modernize operations.
Credit & Counterparty Risk
Liquidity is 'Adequate' with ₹33 Cr cash and ₹154 Cr in working capital buffers, but debt protection metrics remain under pressure.
